SM Energy Co at JPMorgan Energy, Power, & Renewables Conference Transcript
JPMorgan for hosting the conference. It's great to see as many people as we have out here today. And thanks to those of you who are interested in SM are here today or on the webcast live. So I'm going to cover quite a bit today, but I'm going to try and do it in 10 or 15 minutes and really hit the high points, and we issued a press release this morning. I'm sure all of you have eagerly looked at that and anticipated that.
But let me just start with the usual disclaimers that I'm going to be making some forward-looking statements, and I'll just direct you to that slide, which is on our website, too. So the breaking news. I'm going to start just with the operational metrics. And the big news here is we've had quite a bit of success in the Austin Chalk and Midland Basin, and we're going to be upping our guidance for the year for production by 1 million barrels equivalent. Our oil production will be going up 3%, compared to what expectations were in terms of the barrels for the year.
And then with deflation and a few other
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